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Alternative Assets  + Latest News  + VC  | 
“AI Will Not Destroy the World”, says Venture Capitalist Marc Andreessen

“AI Will Not Destroy the World”, says Venture Capitalist Marc Andreessen 

Famed venture capitalist and co-founder of Andreesen Horowitz, or more commonly known as a16z, Marc Andreessen, recently published a lengthy essay discussing his views on artificial intelligence (AI) and the need to build and embrace it rather than succumb to fear and regulation.  

“AI will not destroy the world, and in fact may save it,” his article begins, debunking claims of AI posing an existential threat. 

In a 7,000-word blog post, Andreesen criticizes what he calls the “wall of fearmongering and doomerism” in the AI community, suggesting tech leaders may promote doomsday scenarios to establish regulatory barriers and limit competition. 

“AI doesn’t want, it doesn’t have goals, it doesn’t want to kill you, because it’s not alive,” he wrote. 

While acknowledging the real-life harms caused by AI, such as biases in facial recognition systems and criminal justice proceedings, Andreessen presents an idealistic perspective, claiming AI can in fact improve various aspects of society. He sees AI’s potential in productivity, scientific breakthroughs, creative arts, and even reducing wartime death rates.  

However, critics argue that focusing solely on the future benefits of AI distracts from addressing the present risks and harms associated with the technology.  

Andreessen nevertheless encourages the rapid development of AI and proposes its use to protect against AI bias and harms. He envisions a future where AI acts as an infinitely patient and knowledgeable tutor, collaborator and partner for individuals in various roles and industries.  

He also highlights the risk posed by China’s rapid AI development, particularly in authoritarian applications like surveillance. To counter this, he urges the rapid adoption of AI in the economy and society, leveraging the power of the private sector, scientific establishments and governments. 

Despite Andreessen’s optimism, some critics question his motivations, suggesting his investments in AI startups are driven by a desire for financial gain. However, Andreessen defends these investments, expressing support for the innovators driving the AI revolution. 

Andreesen has already made a splash in AI, recently leading a $50 million seed round alongside General Catalyst for Hippocratic AI, a healthcare focused, large language model startup, co-leading a $10.4 million Series A in Coactive, and co-leading a seed round in London-based AI startup ElevenLabs with ex-GitHub CEO Nat Friedman. 

Pictured: Marc Andreesen 

Hear from industry leaders in alternative assets like Capital Innovations Founder, CEO and CIO, and ADISA President Michael Underhill. Connect in person with top executives in private credit, real estate and more at the Connect Money: Alternative Assets Conference in Chicago on June 14 at the W City Center.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.